‘Stable’ PFI result negatively affected by accounting measures
CEO says the half-year result was reflective of wider property market.
PFI chief executive Simon Woodhams.
A substantially smaller valuation gain saw Property for Industry’s half-year reported profit drop, while underlying earnings were relatively flat in a result it labelled “stable”.
The NZX-listed industrial property landlord recorded a $35.8 million profit for the six months to June 30, down on
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